Uruguay: Plastic Container Market 2024

Plastic Container Market Size in Uruguay

The Uruguayan plastic container market was finally on the rise to reach $X in 2021, after three years of decline. Over the period under review, consumption, however, recorded a noticeable contraction. Plastic container consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Plastic Container Production in Uruguay

In value terms, plastic container production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Plastic Container Exports

Exports from Uruguay

In 2021, overseas shipments of plastic containers decreased by -3.9% to X tons, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2017 when exports increased by 20%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, plastic container exports rose sharply to $X in 2021. In general, exports saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 22% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil (X tons) was the main destination for plastic container exports from Uruguay, accounting for a 55% share of total exports. Moreover, plastic container exports to Brazil exceeded the volume sent to the second major destination, Argentina (X tons), twofold. The third position in this ranking was held by Chile (X tons), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume to Brazil was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (-4.9% per year) and Chile (+6.2% per year).

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) appeared to be the largest markets for plastic container exported from Uruguay worldwide, with a combined 87% share of total exports. The Dominican Republic, Panama and the United States lagged somewhat behind, together accounting for a further 8.5%.

The Dominican Republic, with a CAGR of +51.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average plastic container export price amounted to $X per ton, increasing by 18% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Plastic Container Imports

Imports into Uruguay

In 2021, approx. X tons of plastic containers were imported into Uruguay; with an increase of 26% on the year before. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plastic container imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Argentina (X tons), Brazil (X tons) and Mexico (X tons) were the main suppliers of plastic container imports to Uruguay, with a combined 90% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Mexico (with a CAGR of +46.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest plastic container suppliers to Uruguay were Argentina ($X), Brazil ($X) and China ($X), together comprising 89% of total imports. Mexico lagged somewhat behind, comprising a further 2.5%.

Mexico, with a CAGR of +37.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average plastic container import price stood at $X per ton in 2021, increasing by 3.8% against the previous year. Over the period under review, the import price, however, saw a pronounced descent. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Mexico ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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